Qualified Properties For Secondary Residence Potential

Potential Gross Return: 5.7%

Address: 32 Lansell Circuit, Wanniassa ACT 2903 Block-Size: 786 sqm
Block: 37 Section: 128
Type: House/Building Size: TBC
Bedrooms: 3 Bathrooms: 1
Garaging/Car Spots: 1 EER: 0.5
Unimproved Value: 451,000 (2024) UV Price Ratio: 58.19%
Sales Method: $775,000+ Recommend Purchase Price: 775000
Rates Residential: $2,838* Land Tax Residential: $4,967*
Property Link: https://www.realestate.com.au/property/32-lansell-cct-wanniassa-act-2903/ Marketing Agent: Theo Koutsikamanis
Date Added: 24/07/25

Photos:

Block Details

Block Size: 786 sqm Block Type: Large Block
Zoning: RZ2: SUBURBAN CORE Frontage Approx:
Precinct Code: 32 Lansell Circuit, Wanniassa ACT 2903 Precinct Code Download Heritage: N/A
Planning Assessment Report: PAR - 32 Lansell Circuit, Wanniassa ACT 2903

Suburb information

Median house price: $852,738 Median house rent: 620
Suburb highest price: $1,390,000 Rental vacancy rate: 0.35
Medium household income (Census 2021): $2,295 Income to rent ratio: 3.7%
Download Suburb Profile: Profile - July 2025

Property Purchase Recommendation Summary

Recommend Purchase Price: $775,000 Estimated Stamp Duty: $23,675
Approx Legal And Building Report Costs: $3,000 Total Purchase Investment: $798,675

Recommended Secondary Residence

Recommended Secondary Residence: https://www.canberragrannyflatbuilders.com.au/design-pages/design-268 Approx Turnkey Build Cost inc GST: $215,239
Downloadable Brochure: Design Brochure - 268 Download Proposal: PAP - 32 Lansell Circuit, Wanniassa ACT 2903

Potential Rental Income

Rental Income Stratgety: Potential Gross Weekly Rental Income of Existing Property: $620
Potential Gross Weekly Rental Income of Recommended Design: $520 Potential Combined Gross Weekly Income: $1,140
Potential Combined Gross Annual Income: $59,280

Financial Summary

Total Purchase and Build Investment: $255,281 Potential Combined Gross Rental Annual Income: $59,280
Potential Gross % Return: 5.7%

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